11-13 Bay Street S

Nestled in the heart of Smiths Falls, at 11-13 Bay Street S, this charming Multi-Family Home for sale in Smiths Falls boasts an appealing side-by-side duplex design that is perfect for both first-time investors and those looking to expand their property portfolio. With its sweet curb appeal and unbeatable convenience, this property presents a fantastic opportunity to delve into the real estate market.

The building, characterised by its 1 1/2 storey style and clad in durable vinyl siding, features two well-appointed 2-bedroom apartments. Each unit has its own private entrance, providing tenants with the comfort and independence they desire. With a total of 12 rooms across the two apartments, including two kitchens, this Multi-Family Home for sale in Smiths Falls is designed for functional living. The layout of each apartment is practical, ensuring that space is optimised for everyday use.

Located at 11-13 Bay Street S, Smiths Falls, this property is ideally situated near the bustling intersection of Chambers and Main, offering easy access to local amenities and services. The area, known as 901 - Smiths Falls in the Lanark region, is a vibrant community that enhances the appeal of this investment. Tenants benefit from the convenience of municipal water and sewer services, while the lack of air conditioning and central vacuum systems keeps maintenance straightforward and hassle-free.

For those considering this Multi-Family Home for sale in Smiths Falls, it’s worth noting that tenants are responsible for their own utilities, making it a low-maintenance investment. This arrangement is particularly advantageous for landlords, as it allows for a more streamlined management experience. The potential for rental income is promising, with current rents set at £785 for the unit at 13 Bay Street S and £1,250 for the unit at 11 Bay Street S. This financial setup makes it an attractive option for anyone looking to offset their mortgage by living in one unit while renting out the other.

While there is no garage space associated with the property, the lane driveway provides dedicated parking for two vehicles, ensuring that residents have convenient access. Additionally, a storage shed is available on-site, adding to the practicality of the property. The lot measures a generous 45 X 60 feet, providing ample outdoor space without the burden of additional land to maintain.

As you explore the potential of this Multi-Family Home for sale in Smiths Falls, you’ll appreciate the unfinished basement, which offers opportunities for future development or additional storage. The absence of a pool or fireplace means that the focus remains on the essentials, allowing for a straightforward living experience without unnecessary frills.

In summary, 11-13 Bay Street S, Smiths Falls, is not just a property; it’s an opportunity. Whether you’re an investor looking to make a smart financial move or an owner-occupant seeking a home with the potential for rental income, this Multi-Family Home for sale in Smiths Falls ticks all the boxes. With its prime location, functional layout, and financial appeal, it’s a property that deserves your attention. Don’t miss out on this chance to make a savvy investment in the thriving community of Smiths Falls.

901 - Smiths Falls is a charming neighbourhood nestled within the picturesque town of Smiths Falls, Ontario. This area is characterised by its tranquil streets, lined with a mix of historic homes and modern developments, creating a welcoming atmosphere for residents. The community boasts convenient access to local amenities, including shops, parks, and recreational facilities, making it an ideal place for families and individuals alike. With the Rideau Canal flowing nearby, outdoor enthusiasts can enjoy a range of activities, from cycling and walking to boating in the warmer months. The close-knit nature of 901 - Smiths Falls fosters a sense of belonging, while the town's rich history and vibrant culture provide a delightful backdrop for everyday life.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to families with children of various ages. The closest school is Duncan J. Schoular Public School, just 0.4 km away, offering both English and French instruction for grades JK to 8, though it has a lower school rating of 0.6. For secondary education, Smiths Falls District Collegiate Institute is located 1.9 km from the property, providing a strong curriculum for grades 9 to 12, with a commendable school rating of 3.9. Additionally, another Duncan J. Schoular Public School offers French language instruction at the same distance and rating. For families seeking a Catholic education, St. Francis de Sales Catholic School is situated 1.4 km away, serving grades JK to 6 and boasting a high school rating of 4.7. Overall, the area offers a mix of public and Catholic schools, with a range of language options, making it an appealing choice for families prioritizing education.